“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
June 8, 2023Lynn Drake
April 21, 2023Lynn Drake
Overview Early in 2023, the U.S. office market remains in a state of apprehension. Net absorption was negative in 2022 for the third consecutive year, and vacancy is now well over 300 basis points higher than it was entering 2020. The forecast does not appear brighter, as our baseline scenario calls ...
Overview Heading into the spring, the Detroit office market, like most office markets nationally, remains uncertain about the amount and location of office space that will be utilized in the future. This has resulted in businesses conducting operational assessments to determine what the actual amount of space is that they'll require ...
Overview Heading into the spring, Detroit area industrial fundamentals may prove to be more resilient than other regions nationwide. Over the past few years, other metropolitan areas nationwide, notably led by the Sunbelt and Southwest, underwent a sizable surge of logistics leasing and construction. The Detroit area, which also experienced an ...
While this is not really a secret, it is something most people don’t know about me. Many years ago, I read a book by Rich Fettke, who talked about using extreme sports to boost one’s confidence. Working in an industry that is 95% male, I decided to try this approach. ...
March 31, 2023Lynn Drake
Do you remember the childhood nursery rhyme, “The Old Woman in the Shoe?” She had so many children, so little space she didn’t know what to do. Well, all her children moved out and she converted her shoe to office space. Then she hired a bunch of Millennials who want to ...
March 29, 2023Lynn Drake
This tax season, you want to evaluate the pass through’s or increases over a base year that your landlord charges you. More than likely you received a bill which shows the actual cost billed less any payments made for these costs.Pull out your lease to review the description on allowable ...
March 22, 2023Lynn Drake
Overview Heading into 2023, U.S. industrial leasing activity continues to hold near record highs, up a remarkable 60% compared to pre-pandemic levels. Even as North America's largest industrial user, Amazon, has pumped the brakes on its distribution network expansion, continued elevated levels of consumer goods spending, combined with record high levels ...
March 20, 2023Lynn Drake
One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space. For instance, a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities. These chargers can ...
March 19, 2023Lynn Drake